Soy leaders are keeping a close watch on tariff action out of the White House. China is a major buyer of U.S. soybeans, and economists warn the situation could quickly heat up.
“They dominate the global oil seed market and they import more than the rest of the world combined. And in 2018, when those Section 301 retaliatory tariffs went into place, we saw prices drop overnight by $2.00 a bushel and our market share evaporate. You know, USDA’s Economic Research Service put out a study assessing the economic damages done to us as a result of the trade. It showed $27 billion in losses for U.S. ag, and of that amount, our soybeans accounted for 71%,” said Virginia Houston.
President Trump has given both Canada and Mexico a February 1st start date for tariffs. Some ag leaders have warned the plan could backfire, while others support the move as an effort to boost U.S. trade.
March 03, 2025 11:53 AM
·
Ag Secretary Brooke Rollins told RFD-TV’s Kirbe Schnoor that advocating for women in agriculture is a passion of hers, and she also gave women some words of encouragement.
March 03, 2025 11:14 AM
·
Ag Secretary Brooke Rollins told RFD-TV’s Kirbe Schnoor that our ag programs are imperative.
March 03, 2025 11:03 AM
·
Ag Secretary Brooke Rollins told RFD-TV’s Kirbe Schnoor what steps the Administration might take to alleviate water issues (i.e. enlarging dams, building more reservoirs).
March 03, 2025 10:55 AM
·
Ag Secretary Brooke Rollins told RFD-TV’s Kirbe Schnoor that the Farm Bill is an important piece of legislation and one that she feels “really good about.”
March 03, 2025 10:38 AM
·
Ag Secretary Brooke Rollins told RFD-TV’s Kirbe Schnoor that trade is unpredictable, and that President Trump is committed to making America’s producers part of that conversation.
March 03, 2025 10:08 AM
·
